FASTEST MONEY TRANSFER TO ANY BANK, ANYWHERE
(Kapol Bank's Real Time Gross Settlement (RTGS))

What is RTGS ?

Presently the customer's are practicing the presenting of cheques in his bank and receive funds to his account after clearance.

In RTGS, the customers making payments will have to instruct their banks to debit their account and transfer the credit to the beneficiary's bank account.

Customers have to necessarily maintain sufficient funds in their accounts to make RTGS payments, resulting in no return of payments for want of funds, thereby leading to a reduction in fraudulent cases that have been observed in the payments through cheques. Customers can send and receive payments within no time anywhere across the country.

• Real-time Payment Settlement : Payments settled in real time on a transaction-by-transaction basis, as soon as they are accepted by the system.

• No Credit Risk : There is no credit and settlement risk involved in RTGS system for receiving participant as each payment transaction is settled instantly.

• Predictability of Cash Flows : RTGS facilitates predictability of cash flows as customers know when their accounts will be debited or credited.

• Benefits to Economy : The instant finality of payments ensures fast, secure and irrevocable settlement of major business and financial market transactions

Coverage -

• 13750  branches of 109 Banks covering 508 clearing centres.
• Nearly 800 cities / towns covered.

• All the above Banks offers customer transactions.